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Know about writing a WILL
Before getting into detail, let me first explain you some of the technical terms/jargons/parties related to Writing a WILL.
Testator: This is the person who writes the WILL. If a person dies without writing a will then it is called as "died intestate"…means with no WILL. Testator needs to be of sound mind and should be major to write a WILL. In other words testator must retain a degree of understanding to comprehend what he is doing.
Executor: This is the person who executes the WILL. This person will bring the intentions of testator into effect as per WILL. Executor may be specifically appointed by you (testator) (very much recommended) otherwise Court may also appoint an executor who is called as Administrator. Who so ever is going to be appointed as executor should be well informed in advance and should be willing to act so.
Beneficiaries: As the name suggest, beneficiaries are all those who are going to get benefited from the WILL, means the ultimate inheritors of the Assets. Beneficiaries can be anyone as per testator's choice. Some may not be among family members. It may be an NGO, religious organization, political party…anyone who testator wants his wealth to bequeath to.
Witnesses: There has to be at least 2 witnesses to a WILL to call it a valid will. Witnesses are the persons who observe the signing of the WILL by the testator. When you register a WILL you may be asked to get photos clicked with your witnesses, in the presence of registrar and get pasted on your WILL. These witnesses may be called by court at some later stage to validate the authenticity of testator's signature (if required)
Now if you have understood the important parties to WILL, its better to make a list of these people first before starting writing a WILL.
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